Ex-CQS Manager Lumsden Begins Fundraising

May 6 2014 | 1:48pm ET

The new hedge fund helmed by former CQS asset-backed securities chief Alistair Lumsden is taking on clients.

East Lodge Capital Partners ran its Credit Opportunities Fund with internal capital for a month prior to opening it to outside investors on May 1. The firm expects to reach its $250 million fundraising target within three months.

Credit Opportunities returned 4.27% last month. The fund focuses on European and U.S. credit, especially corporate bonds and structured debt.

Lumsden’s CQS ABS Fund posted annualized returns of 28% during the six years before his departure in 2012.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...